The UVM Health Network retained Tripp Umbach to quantify the economic, employment, government revenue, and community impacts of the Network. That impact includes spending in the region, the availability of high-level jobs for local residents, innovative research, taxes that go directly back to the state and local governments, and the community engagement of the UVM Health Network and its employees.
- Economic Impact — The UVM Health Network contributes more than $2.24 billion in economic impact to the states of Vermont and New York annually.
- Employment Impact — The UVM Health Network’s combined direct and indirect/induced employment impact for the states of Vermont and New York is 19,243 jobs.
- State and Local Government Revenue Impact — The UVM Health Network generates more than $144.6 million in state and local government revenue impacts to the states of Vermont and New York. In addition, the state of Vermont collected an additional $90.7 million in federal funding based on taxes paid by the UVM Medical Center and Central Vermont Medical Center.
- Community Impact — The UVM Health Network hospitals provided more than $199 million in community benefits as measured by the IRS Form 990. In addition, employees of the UVM Health Network engage with the community on their own time, including through volunteering time and donating money to local causes. Across the UVM Health Network, Tripp Umbach estimates the value of employee time and money as an additional $20.3 million in impacts to the community.